On June 21, according to data from the data platform, if Bitcoin breaks through $105,000, the cumulative short order liquidation intensity on mainstream CEX will reach 1.231 billion.
On the contrary, if Bitcoin falls below 102,000 USD, the cumulative long order liquidation intensity on mainstream CEX will reach 800 million.
Note: The liquidation chart does not represent the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the importance, or strength, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher “liquidation column” indicates that once the price reaches it, there will be a stronger reaction due to the wave of liquidity.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Data: BTC breaking through $105,000 will trigger a $1.2 billion short order liquidation wave.
On June 21, according to data from the data platform, if Bitcoin breaks through $105,000, the cumulative short order liquidation intensity on mainstream CEX will reach 1.231 billion.
On the contrary, if Bitcoin falls below 102,000 USD, the cumulative long order liquidation intensity on mainstream CEX will reach 800 million.
Note: The liquidation chart does not represent the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the importance, or strength, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher “liquidation column” indicates that once the price reaches it, there will be a stronger reaction due to the wave of liquidity.